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OK 4/20/87

Based on the telephone call which established that this is one total interrelated transaction (despite all the separate steps) I concur that 801.11(e) will apply

Based on the analysis that this is one indissolvable transaction it appears that no filing by (redacted) is required since the 801.11(e) size-of-person calculation results in his person being less...

None noted

[note 1-sketch of joint venture] - The parties are forming a joint adventure to manage a portion of their assets, not all of their assets. Although this transaction meets the size-of-person test, it...

Signed & mailed original (Fed Express) 4/1/87